• Kyodo

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Commercial land prices outside major metropolitan areas rose in 2017 for the first time in 26 years, registering a 0.5 percent year-on-year increase, thanks largely to redevelopment projects and hotel construction, government data showed Tuesday.

As of Jan. 1 of this year, regional land prices, which also includes residential land values, rose a marginal 0.04 percent from a year before, according to the annual survey by the Ministry of Land, Infrastructure, Transport and Tourism that covers 26,000 locations nationwide.

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